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“It has been a great experience
working with WoodSpring Hotels. They are a strong competitor in the extended
stay segment, and we’re excited to capitalize on their unique operating model
that focuses on the bottom line and in turn offers strong returns,” said Raul Garcia, president of Gold Coast.

The projected opening date
for the hotel is 3Q 2016. The hotel will be built as a prototypical 124-room
WoodSpring Suites and will feature such guest amenities as laundry facilities,
modified kitchens and high-speed internet, as well as the cleanliness, safety
and affordability that the WoodSpring Suites brand provides to every guest.

This is the first of two planned WoodSpring Suites hotels under development by
Gold Coast. The second location, which will be built in the Doral sub-market of
Miami, is slated to be a WoodSpring Suites Signature hotel.